Infrastructure as an asset class is really just a teenager, quips Danny Latham, co-head of infrastructure investment management with Colonial First State Global Asset Management.
Although some investor-parents may shudder at that thought, it just might be a fair analogy. Infrastructure and public-private partnerships are not entirely new, but at the same time infrastructure is hardly the mature, widely accepted allocation that some feel it should be — or soon may become.
This growing up may be happening right now, given the confluence of needs among municipalities, investors and society that is bringing things to a head. This alignment of interests is coming into clear focus, and, coupled with creative new capital markets vehicles and maturing investor sentiment, a new wave of capital may be on the brink of entering the infrastructure arena.
According to the I3 Investor Survey (conducted by Real Assets Adviser sister publication